HORVATH v. BANK OF NEW YORK, N.A.

No. 10-1528.

641 F.3d 617 (2011)

John A. HORVATH, Plaintiff-Appellant, v. BANK OF NEW YORK, N.A.; CWALT, Incorporated, Alternative Loan Trust 2006-45TI; Countrywide Home Loans Servicing, LP; Mortgage Electronic Registration Systems, Incorporated; Equity Trustees, LLC; America's Wholesale Lender, Defendants-Appellees, and John Doe; Jane Doe; Jack Doe; Jill Doe; Qui Doe; Chi Doe; Samuel I. White, PC, Defendants.

United States Court of Appeals, Fourth Circuit.

Decided: May 19, 2011.


Attorney(s) appearing for the Case

ARGUED: Christopher Edwin Brown , Brown, Brown & Brown, PC, Alexandria, Virginia, for Appellant. George Peter Sibley, III , Hunton & Williams, LLP, Richmond, Virginia, for Appellees. ON BRIEF: R. Michael Smith , Brown, Brown & Brown, PC, Alexandria, Virginia, for Appellant. Mark B. Bierbower , Hunton & Williams, LLP, Washington, D.C., for Appellees Bank of New York, N.A., CWALT, Incorporated, Alternative Loan Trust 2006-45TI, Countrywide Home Loans Servicing, LP, Mortgage Electronic Registration Systems, Incorporated, and America's Wholesale Lender; Allison Melton, Bierman, Geesing, Ward & Wood, LLC, Arlington, Virginia, Robert Ryan Michael, Bierman, Geesing, Ward & Wood, LLC, Richmond, Virginia, for Appellee Equity Trustees, LLC.

Affirmed by published opinion. Judge WILKINSON wrote the opinion, in which Judge KEENAN and Judge DIAZ joined.


OPINION

WILKINSON, Circuit Judge:

In October 2006, America's Wholesale Lender ("AWL") agreed to loan John Horvath $650,000. The loan was reflected in an interest-only fixed-rate note and was secured by a deed of trust on Horvath's home. In exchange for the $650,000, Horvath agreed to repay AWL in monthly installments ranging from $3,791.67 to $5,039.44.

The note allowed AWL (and any subsequent holder) to freely transfer the note. In fact, the note...

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